Today is the last day of the third quarter, a quarter that most would like to forget as the S & P 500 staged its largest 90 day decline in four years. The Russell 2000 is in its longest slump since 2006 and is down...
It is getting ugly. The Bloomberg World Mining Index fell to the lowest level in almost seven years. Other gauges fell to levels last experienced in 2013....
Equites were encouraged by FRB Chair Yellen’s speech indicating a change in monetary policy may occur this year, a tantamount “all clear sign” for the economy. ...
Will confusion now reign? Has the FOMC’s vail of omnipotence been pierced? Many are confused by the outcome of the recent Fed meeting. For almost a year the central bank has been suggesting a change in monetary policy is forthcoming. By the Fed’s own admission...
Monetary policy was not changed and many regard the post meeting statement as “ultra-dovish” even as the domestic economy reaches full employment by definition and the FOMC increasing its 2015 growth and core inflation forecasts.
...Today is the conclusion of the most anticipated FOMC meeting in recent memory. The constant narrative is 100x worse than a whining two year old. At some juncture the FOMC will change policy. It is not a question of if but when. Can...
Stocks rallied yesterday as Treasuries tumbled as data suggested a resilient consumer. Retail sales is suggesting third quarter growth can be potentially around 3.0%. The two year treasury or the treasury most sensitive to monetary policy rose to the highest level since 2011.
...Last weekend I watched Ground Hog Day, thinking is this not occurring in the equity markets? Every day it is the same narrative. The Fed may/may not increase interest rates. Oil is going to continue to drop. China is going to bring the...
The four major possible trends that I have focused on during the past nine months may be coming to fruition. I will address the four in no particular order.
...Today is 9/11. The events of fourteen years ago still bring a lump to my throat, remembering the college classmates, friends and associates who lost their lives. Yes today’s volatility is deafening, causing anxiety levels to rise considerably but these emotions/events are nothing...